Director at Horace Mann (NYSE: HMN) sells 1,081 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horace Mann Educators Corp. director Beverley J. McClure sold 1,081 shares of Common Stock in an open-market transaction at $42.54 per share. The trade was executed on April 1, 2026 under a pre-arranged Rule 10b5-1 trading plan.
After the sale, McClure directly owns a total of 14,797.075 shares, consisting of 14,298.075 vested restricted stock units and 499 shares of Common Stock. The transaction represents a relatively small portion of her overall reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,081 shares ($45,986)
Net Sell
1 txn
Insider
McClure Beverley J.
Role
Director
Sold
1,081 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,081 | $42.54 | $46K |
Holdings After Transaction:
Common Stock — 14,797.075 shares (Direct)
Footnotes (1)
- The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted by the reporting person on August 11, 2025. Represents 14,298.075 vested restricted stock units and 499 shares of Common Stock.
Key Figures
Shares sold: 1,081 shares
Sale price: $42.54 per share
Shares held after transaction: 14,797.075 shares
+3 more
6 metrics
Shares sold
1,081 shares
Open-market sale on April 1, 2026
Sale price
$42.54 per share
Price for Common Stock sale
Shares held after transaction
14,797.075 shares
Direct holdings following April 1, 2026 sale
Vested RSUs included in holdings
14,298.075 units
Vested restricted stock units within post-sale holdings
Common Stock within holdings
499 shares
Portion of post-sale holdings in Common Stock
Rule 10b5-1 plan adoption date
August 11, 2025
Date McClure adopted trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units, open-market sale
3 terms
Rule 10b5-1 trading plan regulatory
"The sale reported in this Form 4 was effected by a Rule 10b5-1 trading plan adopted..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Represents 14,298.075 vested restricted stock units and 499 shares of Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did Horace Mann (HMN) report for Beverley J. McClure?
Horace Mann reported that director Beverley J. McClure sold 1,081 shares of Common Stock in an open-market transaction at $42.54 per share on April 1, 2026. This filing details the sale and her remaining ownership position.
Was Beverley J. McClure’s Horace Mann (HMN) stock sale part of a Rule 10b5-1 plan?
Yes. The Form 4 states that Beverley J. McClure’s sale was effected under a Rule 10b5-1 trading plan adopted by her on August 11, 2025. Such plans pre-schedule trades, reducing the significance of short-term market timing.
What portion of Beverley J. McClure’s Horace Mann (HMN) holdings are restricted stock units?
Of Beverley J. McClure’s 14,797.075 total reported holdings, 14,298.075 are vested restricted stock units. The remaining 499 shares are Common Stock. This breakdown is explicitly described in the Form 4 footnotes.
Is the Horace Mann (HMN) insider transaction a purchase or a sale?
The transaction is a sale. Beverley J. McClure, a director at Horace Mann, sold 1,081 shares of Common Stock in an open-market transaction at $42.54 per share, as summarized in the Form 4 filing.